Reply to Looking back, do you wish your child attended the least expensive college?

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[quote=Anonymous][quote=Anonymous]Words from my 26 yr old niece who ended up at an instate due to cost over a private LAC where she would've had to take out a loan even though she *really* did not want to go to instate. She got a great job out of college, now close to making six figures.

"I'm so glad I went with in state and didn't have a loan. I see all my friends who went to more expensive schools struggling to pay their loans, some moving in with their parents.  I have enough saved now to buy a small condo."

My niece spoke to my soon to be college freshman about college costs and loans.  She convinced my DC to take the good in state option, and save your money.[/quote]

“All” of her friends have undergrad loans? I doubt that.

People always spin, rationalize and frame things to make THEIR (or their kid’s) college experience sound spectacular because college is an amazing time in general, everyone loves to brag about their kids, and outside of a house, it’s the largest sum of money a family blows. And there’s face-saving when people discuss colleges deemed to be less prestigious and impersonal - nobody really enjoys admitting they had little choice but to attend the cheaper mediocre university. And of course you don’t know what you don’t know - how does someone who went to gigantic Virginia Tech or Wisconsin know what the experience would have been like at private Georgetown or Villanova? They are totally clueless.

I don’t think a large public university is some death sentence for undergrad but if elite and even somewhat selective privates were so overrated and a waste of money they’d all be out of business.[/quote]

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